MEDFORD,
Ore., Nov. 29, 2022 /PRNewswire/ -- Lithia
& Driveway (NYSE: LAD) announced today they have expanded their
footprint in Texas with the
purchase of Meador Chrysler, Dodge,
Jeep, Ram (CDJR), the second largest CDJR store in the Dallas/Fort Worth area.
"We are thrilled to welcome this experienced and dedicated team
to the Lithia & Driveaway family" said Bryan DeBoer, Lithia & Driveway President
and CEO. "Meador CDJR has a long-standing reputation for delivering
exceptional service, earning them the FCA Customer First Award for
Excellence" said DeBoer.
Meador CDJR is located in Fort
Worth and serves the greater Dallas-Fort Worth area. The store is projected
to generate more than $200
million in annualized revenue, bringing LAD's total expected
annualized revenue acquired in 2022 to over $3.3 billion. This acquisition continues the
expansion of LAD's nation-wide network as part of the company's
2025 Plan to reach $50 billion in
revenue and $55 to $60 in EPS.
About Lithia & Driveway (LAD):
LAD is a growth company focused on profitably consolidating the
largest retail sector in North America through providing
personal transportation solutions wherever, whenever, and however
consumers desire.
Sites
www.lithia.com
www.investors.lithiadriveway.com
www.lithiacareers.com
www.driveway.com
www.greencars.com
www.drivewayfinancecorp.com
Lithia & Driveway on Facebook
https://www.facebook.com/LithiaMotors
https://www.facebook.com/DrivewayHQ
Lithia & Driveway on Twitter
https://twitter.com/lithiamotors
https://twitter.com/DrivewayHQ
https://twitter.com/GreenCarsHQ
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SOURCE Lithia Motors, Inc.